Issue link: https://maltatoday.uberflip.com/i/1543963
AT least 10% of households in Malta can be classified as mil- lionaires, according to a new central bank report. The latest results of the Household Finance and Consumption Survey pro- vide new insight into the fi- nancial situations of house- holds in Malta. According to the survey, the median net wealth for the wealthiest 20% of house- holds is €1.11 million. Since the median of the top 20% represents the 90th percen- tile of the entire population, this means that the top 10% of Maltese households have a net wealth exceeding €1.1 million. For this same top 20% group, the median value of total assets (real and finan- cial assets combined before subtracting debt) is even higher, at €1.17 million. While their main residence remains a major component, it only accounts for 52.8% of their real assets, compared to nearly 90% for their sec- ond quintile. Instead, they hold a much larger share in other real estate (36.9%) and self-employment businesses (8.2%). This group holds a medi- an of €87,500 in financial assets. Unlike lower-wealth households who rely almost exclusively on bank deposits, the top quintile has the most diversified financial portfo- lio, allocating a larger share to complex instruments like securities, mutual funds and listed shares. Households in the top net wealth quintile have a me- dian gross annual income of €50,852. Their median annu- al expenditure is the highest in the country at €18,000. WWW.MALTATODAY.COM.MT €1.00 WEDNESDAY • 18 MARCH 2026 • ISSUE 982 • PUBLISHED EVERY WEDNESDAY AND SUNDAY NICOLE MEILAK nmeilak@mediatoday.com.mt 10% of households are millionaires EDITORIAL • PAGE 11 Fishmonger paid €1,000 per trip in €600,000 cocaine smuggling operation, court told A Sicilian fish seller was paid €1,000 per trip to transport drugs between Sicily and Malta as part of an alleged €600,000 cocaine trafficking opera- tion, a court heard on Monday. Four individuals — Agatino Claudio Roberto, 49, and Daniela Portale, 42, both from Catania, along with Keith Spiteri, 26, of Gudja, and Jide Mallia, 26, of Santa Luċija — are facing crimi- nal proceedings following a prolonged police investigation that led to the sei- zure of 12.5kg of cocaine. CONTINUES PAGE 3 WEDNESDAY EDITION CONTINUES PAGE 2 ĦALEY XUEREB hxuereb@mediatoday.com.mt Household finance survey shows at least 10% of households in Malta can be classified as millionaires in terms of net wealth